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Strategies & Market Trends : Turnarund Investing
NOVS 0.0666-16.0%Aug 1 5:00 PM EST
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To: bankbuyer who wrote (1047)5/8/2012 10:07:00 AM
From: Covenant3 Recommendations   of 1876
 
Negative equity and a lot of goodwill leaves little room for error when operations go south. With 25% of the float short, the story would need to be rather compelling for me to reject the bear case and go long. I see no such compelling bull case.
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